Why must an immunized portfolio be rebalanced periodically?
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A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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The key to immunizing a portfolio of assets is to match the duration of the assets with the liabilities Because market yields can change periodically ...View the full answer
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